Analyst Predicts Mining Co. Could Rise 295% After ESIA Approval
June 8, 2022 (Investorideas.com Newswire) The valuation of this company is expected to rise as it advances through project permitting processes, environmental approvals, financing, local agreements and more, noted a Velocity Trade Capital report.
Troilus Gold Corp. (TLG:TSX; CHXMF:OTC; CM5R:FRA) further advanced its namesake Troilus project by submitting a requisite initial project description to the appropriate Canadian federal and provincial agencies, reported Velocity Trade Capital analyst Paul O'Brien in a May 25 research note.
"This is an important first step in the permitting process and necessary in the Environmental and Social Impact Assessments (ESIA) approval process that is required to advance a mining project towards construction and production," O'Brien explained.
Now, at the federal level, the Impact Assessment Agency of Canada (IAAC) will invite public comments on the proposed Troilus project, marking the start of the planning phase. After that period, which will last 180 days, IACC will outline, in writing, proposed guidelines for the ESIA, O'Brien noted.
Simultaneously, at the provincial level, the Ministère de l'Environnement et de la Lutte Contre les Changements Climatiques, or MELCC, (Ministry of the Environment and the Fight Against Climate Change) will likely to refer the Troilus project to le Comité d'Évaluation des Répercussions sur l'Environnement et le Milieu Social (Environmental and Social Impact Evaluation Committee). That group will have 30 days to also provide written feedback.
"As the company advances through local agreements, financing, ongoing consultations, provincial and federal permitting as well as environmental assessment approvals en route to production, we estimate 295% upside in Troilus Gold's share price," wrote O'Brien.
In the meantime, Troilus Gold is expected to release an inaugural Proven and Probable reserve as well as a prefeasibility study for an open-pit mine, both pertaining to its Quebec project.
Velocity estimates production at Troilus will start in H2/26.
The broker-dealer maintains its Outperform rating and CA$2.65 per share target price on Troilus Gold, the stock of which is currently trading at around CA$0.67 per share.
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees, or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in the securities mentioned. Directors, officers, employees, or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Troilus Gold Corp., a company mentioned in this article.
Disclosures for Velocity Trade Partners, Troilus Gold Corp., May 25, 2022
This research has been prepared for the general use of the institutional clients of Velocity and must not be copied, either in whole or in part, or distributed to any other person. If you are not the intended recipient, you must not use or disclose the information in this research in any way. If you received this research in error, please tell us immediately by return e-mail and delete the document. We do not guarantee the integrity of any e-mails or attached files and are not responsible for any changes made to them by any other person. Velocity has established and implemented written policies and procedures to minimize conflicts of interest between its Clients and Velocity and its Analysts. Velocity does not allow its Analyst or their household family members to hold or trade in any security on which the Analyst writes research reports. Other than what is disclosed below, Velocity is not aware of any material conflict of interest between itself and its Analyst and the Firm's Clients. No employee, officer or director of Velocity is a director, officer or employee of the issuer or has received remuneration from the issuer, other than normal course investment advisory or trade execution services in the last 12 months.
As with all employees of Velocity, a portion of the Analyst's compensation may be derived from Investment Banking earnings. The Analyst does not receive any direct compensation from Investment Banking fees received from this issuer.
Analyst Certification: I, Paul O'Brien, hereby certify that all of the views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. I receive compensation from Velocity that is based upon various factors including Velocity total revenues, a portion of which are generated by Velocity Investment Banking activities.
* Note: Paul O'Brien also serves as Director and Audit Committee member for two publicly-listed mining exploration companies that are separate from the analyst's coverage group and unrelated to any issuers discussed herein.
Nothing in this research shall be construed as personal advice, or a solicitation to buy or sell any security or product, or to engage in or refrain from engaging in any transaction. In preparing this research, we did not take into account your investment objectives, financial situation or particular needs. Velocity's sales department, trading personnel and other professionals may provide oral or written market commentary or trading strategies to our clients that reflect opinions which are contrary to the opinions expressed in this research. Before making an investment decision on the basis of this research, you need to consider, with or without the assistance of an adviser, whether the advice is appropriate considering your particular investment needs, objectives and financial circumstances.
There are risks involved in securities trading. The price of securities can and does fluctuate, and an individual security may even become valueless. International investors and Wholesale clients are reminded of the additional risks inherent in international investments, such as currency fluctuations and international stock market or economic conditions, which may adversely affect the value of the investment. This research is based on information obtained from sources believed to be reliable, but we do not make any representation or warranty that it is accurate, complete or up to date. We accept no obligation to correct or update the information or opinions in it.
Opinions expressed are subject to change without notice. No member of Velocity accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this research and/or further communication in relation to this research. Clients should contact analysts at, and execute transactions through, a Velocity entity in their home jurisdiction unless governing law permits otherwise. The date and intraday timestamp is given for the share price and market cap, otherwise #CLOSE indicates the final price at which the security is traded in the relevant exchange on the date indicated. Members of the Velocity Sales & Trading Department provide desk commentary that is not a product of the Velocity Research department and not subject to any other regulation regarding independence in the provision of equity research. Velocity cannot accept any trading instructions via e-mail as the timely receipt of e-mail messages, or their integrity over the Internet, cannot be guaranteed. Velocity employees outside of the Research Department may buy and sell shares of the companies that are recommended for their own accounts and for the accounts of other clients.
The Analyst that prepared this report is not registered or qualified as a research analyst with FINRA and is not subject to U.S. rules with regards to the preparation of research reports and the independence of analysts.
Velocity Trade Capital Ltd. distributes this research only to Major Institutional Investors in the United States through an SEC 15a-6 chaperoning agreement with Global Alliance Securities LLC. This research is not intended for the use of any person or entity that is not a Major Institutional Investor. Any resulting transactions should be effected through a U.S. broker-dealer.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com